As part of its mandate of providing affordable housing solutions through mortgage, the Federal Mortgage Bank of Nigeria (FMBN) has disbursed N236.9 million to 299 civil servants of Kano State.
The Honourable Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, presented the cheques to the beneficiaries through the Executive Governor of Kano State, Abba Yusuf Kabir, last week at the Groundbreaking Ceremony of the Renewed Hope Housing Estate in Lambu, Tofa LGA of Kano State.
Shehu Usman Osidi, Chief Executive and Managing Director of the FMBN, commended Governor Yusuf for his visionary leadership and unwavering commitment to Kano State’s welfare.
The MD/CE described the event in Kano as another significant milestone in the collective journey towards making homeownership a reality for more Nigerians through the Renewed Hope Cities and Estates programme being championed by the Honourable Minister of Housing and Urban Development.
He affirmed that the Renewed Hope Cities and Estates initiative is a cardinal programme of the President Bola Ahmed Tinubu-led administration and restated the Bank’s commitment to the successful actualisation of the vision.
“As a measure of our commitment and support for the program, the Bank provided a N100 billion Off-takers Guarantee and the program was flagged off by President Bola Ahmed Tinubu GCFR, last February during the commencement of the construction of 3,112 housing units at Karsana, Abuja. The guarantee has facilitated the mobilisation of the required funds by a consortium of developers,” he said
